In What Order Would the Items on the Balance Sheet

question 39

Multiple Choice

In what order would the items on the balance sheet appear?

• A)Assets,retained earnings,liabilities,and common stock.
• B)Common stock,retained earnings,liabilities,and assets.
• C)Assets,liabilities,common stock,and retained earnings.
• D)Common stock,assets,liabilities,and retained earnings.

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Definitions:

Administrative Dispute Resolution Act

U.S. legislation that promotes the use of alternative dispute resolution processes, such as arbitration and mediation, in the administrative process of federal agencies.

Arbitration

A method of resolving disputes outside the courts, where the parties to a dispute refer it to one or more arbitrators by whose decision (the "award") they agree to be bound.

Formal Rulemaking

A regulatory process that includes a period for public comment and often a public hearing before a final rule is made by a governmental body.

Informal Rulemaking

A regulatory process by government agencies involving less formal procedures than those required for formal rulemaking, often including notices and comment periods.